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FHI Federated Hermes

Federated Hermes, Inc. engages in the provision of investment management products and related financial services. It sponsors, markets and provides investment-related services to sponsored investment companies, Federated Funds, and Separate Accounts which include separately managed accounts (SMAs), institutional accounts, sub-advised funds and other managed products in both domestic and international markets. The company was founded by John F. Donahue and Richard B. Fisher in October 1955 and is headquartered in Pittsburgh, PA.

Company profile

Ticker
FHI
Exchange
CEO
J. Christopher Donahue
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
FEDERATED INVESTORS INC /PA/
SEC CIK
IRS number
251111467
SEC advisor number
801-78591
FINRA CRD number
169087
AUM ?
$19.96B (as of 25 Jun 20)
Accounts
10 (as of 25 Jun 20)
Employees
16 (10 investment advisory or research)
Address
Federated Hermes
1001 LIBERTY AVENUE
PITTSBURGH
PA 15222
Phone
4122881900

FHI stock data

(
)

Investment data

Data from SEC filings
Top 50 of 2205 long holdings
End of quarter 31 Mar 21
Value
 
#Shares
 
$1.14B 9.68M
$628.34M 7.08M
$581.77M 2.47M
$568.83M 183.84K
$561.24M 5.36M
$555.46M 5.13M
$528.92M 9.1M
$520.75M 9.33M
$465.27M 3.81M
$454.2M 4.71M
$445.47M 3.91M
$431.31M 11.9M
$426.49M 5.53M
$423.6M 205.38K
$416.18M 13.75M
$404.76M 6.51M
$398.4M 7.7M
$394.63M 6.11M
$393.04M 10.31M
$374.1M 1.43M
$334.43M 302.24K
$328.72M 1.99M
$317.76M 2.25M
$297.89M 3.92M
$281.51M 562.89K
$277M 1.61M
$268.78M 1.53M
$268.03M 2.01M
$264.48M 1.98M
$261.33M 1.15M
$256.08M 4.18M
$254.89M 1.2M
$248.39M 8.61M
$246.97M 1.01M
$243.31M 3.8M
$241.18M 1.77M
$230.18M 1.92M
$229.83M 1.19M
$228.16M 917K
$225.54M 274.41K
$223.83M 1.21M
$221.85M 5.73M
$217.73M 4.74M
$216.68M 661.72K
$211.46M 588.4K
$209.66M 2.59M
$208.1M 1.59M
$204.55M 10.24M
$196.35M 2.32M
$195.99M 971.84K
Holdings list only includes long positions. Only includes long positions.

Calendar

4 May 21
28 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 229.4M 229.4M 229.4M 229.4M 229.4M 229.4M
Cash burn (monthly) 26.41M 7.09M (positive/no burn) (positive/no burn) 10M (positive/no burn)
Cash used (since last report) 103.29M 27.74M n/a n/a 39.12M n/a
Cash remaining 126.11M 201.66M n/a n/a 190.27M n/a
Runway (months of cash) 4.8 28.4 n/a n/a 19.0 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
16 Jun 21 Uhlman Paul A Class B Common Stock Sell Dispose S No No 32.5745 5,977 194.7K 310,468
8 Jun 21 J Christopher Donahue Class B Common Stock Gift Dispose G No No 0 43,940 0 1,175,348
26 May 21 Germain Peter J Class B Common Stock Sell Dispose S No No 31.7299 395 12.53K 161,739
26 May 21 Uhlman Paul A Class B Common Stock Sell Dispose S No No 31.7302 984 31.22K 316,445
13 May 21 Fisher John B Class B Common Stock Sell Dispose S No No 33.2694 35,293 1.17M 529,607

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

78.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 284 291 -2.4%
Opened positions 31 47 -34.0%
Closed positions 38 30 +26.7%
Increased positions 119 78 +52.6%
Reduced positions 98 122 -19.7%
13F shares
Current Prev Q Change
Total value 2.42B 2.27B +6.7%
Total shares 77.32M 78.5M -1.5%
Total puts 66.6K 38.5K +73.0%
Total calls 143.5K 128.5K +11.7%
Total put/call ratio 0.5 0.3 +54.9%
Largest owners
Shares Value Change
BLK Blackrock 13.22M $413.66M +6.5%
Vanguard 9.28M $290.49M +3.4%
Schneider Downs Wealth Management Advisors 4.99M $156.32M -2.5%
GWL Great West Life Assurance 3.28M $102.11M -4.2%
STT State Street 2.95M $92.25M -2.0%
Dimensional Fund Advisors 2.53M $79.28M -6.5%
BK Bank Of New York Mellon 2.4M $75.01M +6.7%
Fuller & Thaler Asset Management 2.17M $68.01M +1.8%
Burgundy Asset Management 2.1M $65.7M -0.1%
Geode Capital Management 1.84M $57.68M +5.9%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -1.34M EXIT
BLK Blackrock 13.22M +801.49K +6.5%
Samlyn Capital 546.63K +546.63K NEW
Balyasny Asset Management 0 -502.47K EXIT
Marshall Wace North America 244.23K -463.9K -65.5%
Point72 Asset Management 0 -433.79K EXIT
Millennium Management 363.04K +323.94K +828.4%
IVZ Invesco 1.12M +315.67K +39.0%
Vanguard 9.28M +305.81K +3.4%
BMO Bank of Montreal 294.59K +273.89K +1323.7%

Financial report summary

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Management Discussion
  • For an explanation of changes for 2019 as compared to 2018, see Federated Hermes' Annual Report on Form 10-K for the year ended December 31, 2019, Item 7 Management's Discussion and Analysis of Financial Condition and Results of Operations under the caption Results of Operations.
  • Revenue. Revenue increased $121.4 million in 2020 as compared to 2019 primarily due to (1) an increase in money market revenue of $41.5 million primarily due to higher average money market assets (includes a decrease in revenue related to $113.0 million in Voluntary Yield-related Fee Waivers) (see Business Developments - Low Short-Term Interest Rates for additional information, including the impact to expense and the net pre-tax impact), (2) an increase in alternative/private market revenue of $33.0 million primarily due to the revenue of a previously nonconsolidated entity being recorded in operating revenue beginning in March 2020, (3) an increase in equity revenue of $18.6 million due to a change in the mix of average assets, (4) an increase in fixed-income revenue of $16.8 million due to higher average assets and (5) an increase in performance fees of $15.6 million.
  • Federated Hermes' ratio of revenue to average managed assets for 2020 was 0.23% as compared to 0.26% for 2019. The decrease in the rate was primarily due to the reduction of revenue from Voluntary Yield-related Fee Waivers and the result of a lower proportion of revenue earned on average equity assets during 2020 as compared to 2019.
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